OPINION: Twitter avoided a potential hostile takeover of the company by Elon Musk by giving him a board seat, which could keep current executives from being the next Martin Eberhard.
Twitter Inc. avoided a potential hostile takeover of the company by Elon Musk by giving him a board seat, which could keep current executives from being the next Martin Eberhard.
“Twitter had two options — be hostile, or embrace,” Dan Ives, a Wedbush Securities analyst, told MarketWatch on Tuesday. “I think that is the smart strategy, rather than going after this in a hostile way that would not end well.” “They know he can buy the whole company,” Ives said. “It’s rare that someone has $300 billion in cash or net worth. That’s why they did that. If they didn’t embrace it, he would just go and buy another 10 % and get more and more control.”
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